In a filing, Nucor Corp revealed its Executive Vice President Behr Allen C unloaded Company’s shares for reported $0.79 million on Nov 11 ’24. In the deal valued at $159.72 per share,4,968 shares were sold. As a result of this transaction, Behr Allen C now holds 85,376 shares worth roughly $11.55 million.
Then, Behr Allen C bought 4,968 shares, generating $793,470 in total proceeds.
Before that, Topalian Leon J sold 11,000 shares. Nucor Corp shares valued at $1,860,240 were divested by the Chair, President and CEO at a price of $169.11 per share. As a result of the transaction, Topalian Leon J now holds 172,136 shares, worth roughly $23.28 million.
UBS downgraded its Nucor Corp [NUE] rating to a Neutral from a a Buy in a research note published on December 12, 2024; the price target was decreased to $156 from $171. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. JP Morgan also remained covering NUE and has increased its forecast on September 09, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on August 15, 2024. It rated NUE as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of NUE
On Friday, Nucor Corp [NYSE:NUE] saw its stock fall -3.37% to $135.23. Over the last five days, the stock has lost -0.24%. Nucor Corp shares have risen nearly 15.87% since the year began. Nevertheless, the stocks have fallen -26.50% over the past one year. While a 52-week high of $203.00 was reached on 02/18/25, a 52-week low of $112.25 was recorded on 01/03/25. SMA at 50 days reached $126.49, while 200 days put it at $147.15.
Levels Of Support And Resistance For NUE Stock
The 24-hour chart illustrates a support level at 132.97, which if violated will result in even more drops to 130.71. On the upside, there is a resistance level at 139.44. A further resistance level may holdings at 143.65. The Relative Strength Index (RSI) on the 14-day chart is 54.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 46.52%. Stochastics %K at 71.82% indicates the stock is a holding.
The most recent change occurred on May 20, 2024 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $190 price target.
